Option Grant Agreement (Genie AI)

The Option Grant Agreement (Genie AI) is a legal template that outlines the terms and conditions for granting stock options to employees or other individuals working with or affiliated to Genie AI, a technology company focused on artificial intelligence solutions. This agreement provides comprehensive details regarding the grant, exercise, and vesting of stock options, offering both Genie AI and option holders a clear understanding of their rights, obligations, and the relevant processes involved. It includes provisions pertaining to the exercise price, vesting schedule, restrictions on transferability, termination events, and any other specific terms unique to Genie AI's stock option plan. By utilizing this legally binding template, both Genie AI and option holders can establish a transparent and fair framework for stock option arrangements, facilitating effective organizational reward and incentive structures.